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Economy Previously Asked Questions: Money and Banking
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Economy Previously Asked Questions: Money and Banking
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25 Questions

1. When was the first Regional Rural Bank formed?
2. Since the economic reforms were launched in India, which one of the following statements is true for Statutory Liquidity Ratio (SLR) and Cash Reserve Ratio (CRR) of the commercial banks?
3. Which of the following measure of the high power money Supply (H) has been used by RBI in India?
4. Which of the following committee examined and suggested financial sector reforms?
5. Which of the following grants/ grant direct credit assistance to rural households?
1. Regional Rural Banks
2. National Bank for Agriculture and Rural Development
3. Land Development Banks Select the correct answer using the codes given below.
6. In India 'Money and Credit' is controlled by the
7. Consider the following statements.
1. Reserve Bank of India was nationalised in the year 1949.
2. The borrowing programme of the Government of India is handled by the Department of Expenditure, Ministry of Finance. Which of the statement(s) given above is/are correct?
8. Which is the first Private Sector Bank in India to use Software Robotics?
9. Reserve Bank of India issues currency notes against which of the following?
10. The lowering of Bank Rate by the Reserve Bank of India leads to
11. Consider the following liquid assets.
1. Demand deposits with the banks
2. Time deposits with banks
3. Savings deposits with banks
4. Currency The correct sequence of these assets in the decreasing order of liquidity is
12. Consider the following statements.
1. The National Housing Bank
(NHB), the apex institution of housing finance in India was set-up as a wholly-owned subsidiary of the Reserve Bank of India.
2. The Small Industries Development Bank of India was established as a wholly owned subsidiary of the Industrial Development Bank of India. Which of the statement(s) given above is/are correct?
13. Which one of the following links all the ATMs in India?
14. Study the following statements with regard to Reserve Bank of India and select your answer from the codes given below.
1. It is the Apex Bank.
2. It regulates the money supply.
3. It gives loan to the business houses.
4. It supervises the operations of NABARD. Code
15. The Indian rupee was made convertible into which of the following accounts since March 1993?
16. When was the NABARD formed?
17. Capital Account convertibility of Indian Rupee implies
18. Which of the following is/are treated as artificial currency?
19. Which one of the following statement is correct regarding increase in the cash reserve ratio in India?
20. Consider the following.
1. Regional Rural Banks
2. Lead Bank Plan
3. NABARD
4. State Bank of India The correct chronological sequence of establishing of these banks is
21. Consider the following statements. The function of commercial banks in India includes
1. Purchase and sale of shares and securities on behalf of customers.
2. Acting as executors and trustees of wills. Which of the statement(s) given above is/are correct?
22. Narsimhan Committee was related to which of following reforms?
23. Opening the saving bank account for a minor girl will be called as which of the following in Banking terminology?
24. With reference to India, consider the following.
1. Nationalisation of Banks.
2. Formation of Regional Rural Banks.
3. Adoption of villages by Banks Branches. Which of the above can be considered as steps taken to achieve the 'financial inclusion' in India?
25. 'Money is a matter of functions four, a medium, a measure a standard and…..'. What is the fourth function of money indicated in this popular phrase?